Understanding the relationships between regional accessibility travel behaviour and home value

Accessibility is a comprehensive measure of the interaction between land use and transportation systems. It has been put forward as a performance-measure for evaluating the land use and transportation performance, transportation plans and projects. However understanding the effects of accessibility on household choices such as travel activity and home location and values has been less studied. In this research paper, we study the effect of regional accessibility on individual travel behaviour, as well as its monetary value in residential property markets. First, accessibility to jobs and workers by automobile is generated for the entire region. Second, the actual activity space of each household in the sample is generated. Using a linear regression, the spatial dispersal and area of the household activity space, as well as the total distance traveled are predicted using the inverse balancing factors of the doubly constrained spatial interaction model of regional accessibility...

• Type: Conference
• Year: 2010
• Where: Transportation Research Board Annual Meeting
• Authors: Cerda, A. and El-Geneidy, A.
• Keywords: Accessibility, Home Location, Home Value, Personal Accessibility, Time Space Prism, Travel Behaviour